We decided to look at the charts, and it looks like ABNB is set to stage a recovery rally in the days and weeks ahead. Let's check.
In this daily bar chart of ABNB, below, we can see that prices declined from February to the middle of May. Prices have improved from the low made around $130. ABNB has rallied over the 20-day moving average line and is testing the underside of the declining 50-day moving average line. The On-Balance-Volume (OBV) line has turned upwards and its rise gives us confidence that the rally should continue. The Moving Average Convergence Divergence (MACD) oscillator has improved from late May and is close to crossing above the zero-line for a buy signal.